Ninjastic
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Re: Watch out for the scams out there
by
The_Dark_Knight
on 16/07/2018, 01:42:06 UTC
Quote from: yndye on July 14, 2018, 05:21:32 AM
Quote from: The_Dark_Knight on July 11, 2018, 03:43:50 AM
Quote from: themightynova on July 06, 2018, 04:56:29 AM
Wish I knew that before getting scammer $7 for $10 agc!  Cry
Take that as a very cheap lesson even if for you 7 dollars is a meaningful amount of money you should consider yourself to be lucky there have been people that lost hundreds of bitcoin to scammers that are now worth a fortune, so remember to always use an escrow for any deal, there are some escrows that charge you money but there are others willing to do it for free, just look that the escrow has a good reputation or you could lose your money to them as well.

There are many scams out there and when the scammers wanted more than just scam for a few dollars, they would create an ICO. I do participate in some bounties and then after a while, the team would be inactive and leaving the investors and the bounty hunters in vain. There are times when the ICO is not scam but they do not pay the bounty participants which is quite unfair that's why we should have a consensus that tokens should be escrowed.
Most of the time it is going to be impossible for the tokens to be escrowed because while the campaign is running the tokens have not been created yet, while I understand that will give everyone the security they are going to eventually going to be paid, the developers are busy doing other stuff needed to make their project a success, so unfortunately the risk of not being paid by bounty campaigns will still be there.